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Posts Tagged ‘alexcarrick’

U.S. Put-in-place Construction Spending Sprightlier in November

Wednesday, January 3rd, 2018

Article source: ConstructConnect

After a stretch of several months earlier in the second half of 2017, when many of the Census Bureau’s sub-category put-in-place (PIP) construction spending numbers stalled, some sprightlier results were recorded once again in November.

Given that 11 of last year’s 12 months have now been measured, the 2017 over 2016 year-end percentage-change for total construction will almost certainly be close to +5.0%. All the increase will have originated in the residential sector, +11.0%, with non-residential remaining flat.

It’s important to note, however, (i.e., from accompanying Table 1) that with respect to latest three-month results, non-residential work has been staging a comeback. For latest 3-months over previous 3-months (annualized), ‘total’, residential and non-residential are almost the same, only slightly below +9.0%
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Springy Bounce in ConstructConnect’s March Starts, +18%

Wednesday, April 19th, 2017

Article source: ConstructConnect

ConstructConnect announced today that March construction starts, excluding residential activity, were +17.8 versus February. The long-term February-to-March advance, due to seasonality, has been only +2.5%. It’s usually not until April that more accommodating weather causes a big lift in volume of about +12.0%. Spring has apparently come early for groundbreakings this year.

2017-04-18-US-Nonresidential-Construction-Starts-Mar-2017
March 2017 versus what was an exceptionally buoyant March 2016 did not fare as well, -5.9%. And year-to-date starts (Q1 2017) have been -5.1% versus January-to-March of last year.


The starts figures throughout this report are not seasonally adjusted (NSA). Nor are they altered for inflation. They are expressed in what are termed ‘current’ as opposed to ‘constant’ dollars.

‘Nonresidential building’ plus ‘engineering/civil’ work accounts for a considerably larger share of total construction than residential activity. The former’s combined proportion of total put-in-place construction in the Census Bureau’s February report was 60%; the latter’s was 40%.

ConstructConnect’s construction starts are leading indicators for the Census Bureau’s capital investment or put-in-place series. Also, the reporting period for starts (i.e., March 2017) is one month ahead of the reporting period for the investment series (i.e., February 2017.)

View this information as an infographic.
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